Isabella Bank (NASDAQ:ISBA) President Acquires $15,022.74 in Stock

Isabella Bank Corporation (NASDAQ:ISBA) President Neil Michael Mcdonnell acquired 303 shares of the stock in a transaction that occurred on Tuesday, January 20th. The stock was acquired at an average price of $49.58 per share, for a total transaction of $15,022.74. Following the transaction, the president directly owned 9,870 shares of the company’s stock, valued at $489,354.60. This represents a 3.17% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Isabella Bank Stock Performance

Isabella Bank stock traded down $1.24 during midday trading on Friday, hitting $50.34. 9,878 shares of the company’s stock were exchanged, compared to its average volume of 23,241. The firm has a market capitalization of $369.50 million, a P/E ratio of 20.46 and a beta of 0.09. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.82 and a current ratio of 0.82. The stock’s 50-day moving average price is $48.14. Isabella Bank Corporation has a 52-week low of $21.50 and a 52-week high of $58.83.

Isabella Bank (NASDAQ:ISBA) last released its quarterly earnings results on Monday, October 27th. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.11. Isabella Bank had a return on equity of 8.01% and a net margin of 16.65%.The firm had revenue of $20.47 million for the quarter, compared to analysts’ expectations of $19.60 million.

Isabella Bank Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Wednesday, December 17th were given a dividend of $0.28 per share. The ex-dividend date was Wednesday, December 17th. This represents a $1.12 annualized dividend and a yield of 2.2%. Isabella Bank’s payout ratio is presently 45.53%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Susquehanna International Group LLP bought a new stake in Isabella Bank during the 3rd quarter valued at $217,000. Integrated Wealth Concepts LLC purchased a new position in shares of Isabella Bank in the third quarter valued at about $215,000. Citadel Advisors LLC bought a new position in shares of Isabella Bank during the third quarter valued at about $630,000. Bank of America Corp DE boosted its holdings in shares of Isabella Bank by 2,617.7% during the third quarter. Bank of America Corp DE now owns 1,685 shares of the company’s stock worth $59,000 after purchasing an additional 1,623 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of Isabella Bank by 116.9% in the third quarter. Vanguard Group Inc. now owns 245,936 shares of the company’s stock worth $8,669,000 after purchasing an additional 132,551 shares during the last quarter.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on ISBA shares. Zacks Research cut shares of Isabella Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Weiss Ratings restated a “buy (b-)” rating on shares of Isabella Bank in a research report on Monday, December 29th. Finally, Piper Sandler lifted their price target on Isabella Bank from $34.00 to $38.50 and gave the stock a “neutral” rating in a research note on Friday, October 31st. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Isabella Bank presently has an average rating of “Hold” and a consensus target price of $38.50.

About Isabella Bank

Isabella Bank (NASDAQ: ISBA) is a community bank headquartered in Mount Pleasant, Michigan, serving individuals and businesses across mid-Michigan. The bank delivers a broad array of financial products, including checking and savings accounts, money market accounts, certificates of deposit, and online and mobile banking platforms designed to meet everyday banking needs.

On the commercial side, Isabella Bank offers business lending solutions such as lines of credit, term loans, and equipment financing, alongside treasury management, merchant services, and payroll processing to help companies manage cash flow and streamline operations.